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Corporate penalties to triple under new proposal
Competition & Consumer Protection 2017-10-24 12:36 pm By Christine Caulfield Melbourne
The Australian Securities and Investments Commission could get more teeth under a new proposal by a Turnbull government taskforce released Tuesday, with penalties for corporate crime tripling from $1 million to $3 million.
Major overhaul to competition law passes Parliament
Competition & Consumer Protection 2017-10-18 1:25 pm By Christine Caulfield Melbourne
Major changes to Australian competition law that include a ban on companies engaging in concerted practices have passed Parliament, and the competition watchdog says it's ready to crack down on offenders.
ALDI flushes wipes after ACCC probe
Competition & Consumer Protection 2017-10-13 1:20 pm By Christine Caulfield Melbourne
Supermarket chain ALDI has taken its personal hygiene wipes off the shelves after the consumer regulator questioned the company's promotion of the product as flushable.